A sudden stop in the wholesale prices of cereal, with decreases in all categories except corn and malt barley in Spain

Published 2021년 5월 24일

Tridge summary

The Spanish agricultural sector has seen a slight decrease in cereal prices as the cereal campaign begins, with a notable exception of a 13 cent increase in corn and a 2.89% drop in durum wheat in Zaragoza. According to the Spanish Cereal and Oilseed Trade Association (Accoe), the average price of corn for the week of May 17-23 was 273.19 euros per ton, a 6.48% increase from the first week of May. Meanwhile, barley, soft wheat, and durum wheat prices have experienced a sudden stop in their upward trend. The prices of proteins and vegetable by-products have also fluctuated, with soybeans being the only one to maintain a lower price than in January, while pulp saw the most significant increase of 115 euros per ton, or +16.28%, throughout the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The cereal campaign has started in the south and is about to start in the rest of the country and, as expected, there has been a sudden stop in prices, albeit slightly. As slight as the rise in corn, which barely increased by 13 cents on average in the Spanish wholesale markets last week. On the other hand, the fall of durum wheat stands out (although it was only listed in Zaragoza) with a decrease of 2.89% compared to the previous seven days. The data collected by the Spanish Cereal and Oilseed Trade Association (Accoe). show for week 20 (from May 17 to 23, 2021) an average price of corn of 273.19 euros per ton, 0.04% more than in week 19, although 6.48% higher than that registered in the first week of May. The rise in its price on the wholesale markets is 10.13% compared to the prices of January of this year and 53.96% if compared to those of July 2020. Barley traded last week at an average of 220.03 euros / ton, which represented a decrease of 0.35% compared to the price of ...

Source: Agroinformacion